F M Investments LLC Sells 30,140 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

F M Investments LLC lowered its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 19.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,161 shares of the construction company's stock after selling 30,140 shares during the quarter. F M Investments LLC owned 0.41% of Sterling Infrastructure worth $18,151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STRL. Nordea Investment Management AB grew its holdings in shares of Sterling Infrastructure by 47.1% during the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company's stock worth $5,651,000 after purchasing an additional 16,142 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Sterling Infrastructure during the 1st quarter worth approximately $449,000. Principal Financial Group Inc. lifted its position in shares of Sterling Infrastructure by 49.8% during the 1st quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company's stock worth $2,872,000 after buying an additional 8,657 shares during the period. Robeco Schweiz AG bought a new position in shares of Sterling Infrastructure during the 2nd quarter worth approximately $1,420,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of Sterling Infrastructure during the 1st quarter worth approximately $4,308,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Sunday, September 15th.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the transaction, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock traded down $0.79 during midday trading on Friday, hitting $153.66. 242,079 shares of the company were exchanged, compared to its average volume of 348,307. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $4.72 billion, a P/E ratio of 29.49, a PEG ratio of 1.81 and a beta of 1.17. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $170.50. The firm has a 50 day simple moving average of $140.18 and a 200-day simple moving average of $123.76.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The firm had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. During the same quarter in the previous year, the company posted $1.27 EPS. Research analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.